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democrats on the fence to say, hang on a moment. >> bill, if they've got time to have a hearing with stephen colbert they can take a vote on pending tax relief. i believe all the tax cuts would be extending but they just don't want to hold that vote. bill: on the screen you can see for a family of four making $50,000 a year, if the tax cuts are not extended they will pay $2,900 more in taxes during a time when as you no and you've stated and we talked to stu varney that the economy is still struggling. family of four making a hundred grand a year pay $4,500 more in taxes. how do you think thinks this is going to happen. >> hopefully it will not. if the hreps -- republicans are in the house and senate you won't see any increase in taxes. this adds to uncertainty, we hear our small businesses talking about itment there is a growing i think incompetent in governing in washington. this is damaging i think for the democrats across the board. bill: one more question. john boehner said in his responsible, the most irresponsible thing he has ever known congress to do. is that hyperbole or do you agr
.6%, and stephen moore is the economic writer for the "wall street journal." good morning to you and, this labor day what is the better topic than talking about labor in america. look the president will roll out big ideas, today, and wednesday, and at a press conference at the white house on friday and your view, are they big enough, stephen. >> bill, they are big ideas and just are not new ideas, as i look at the reports of what the president will say, more infrastructure spending and targeted tax cuts it is exactly what we have been doing the last year-and-a-half and what is interesting about the chart you showed us, the rise in the minim unemployment rate is one of the most important dates, january/february, '09 was about 8% and that was before we spent the trillion dollars of the stimulus money and spent all of the money and have an unemployment rate closer to 10% and i would say the prima facie evidence that the stimulus spending of a trillion dollars has not worked and -- it would be a mistake. bill: sorry to interrupt you, i'd have economists coming on the air and saying, look it had impa
to your paycheck next year if tax cuts are not extended. stephen moore, senior economic writer for the wall street journal, good morning to stkpwhraou by hill. -- hi bill. >> bill: if you make $50,000 a year, your taxes will go up $2900, starting when, the third week in january? >> january 1, 20 # one. as soon as that clock hits midnight, the new year brings those tax increases. >> if you're making $100,000 a year, your taxes go up $4500. >> yes. by the way, bill, let me just say one thing about this, it depends on how many kids you have, because remember there was a child credit in the 2001 and 2003 tax bill, so this is -- i think those examples you're using are for a family of four with two kids. bill: clarification, it is a family of four, based on our research and our brain room. the president has said he signed eight pieces of legislation already that provide small business tax cuts, and your tax haven't gone up in this administration, your taxes have gone down. is he right? >> well, he's partly right. it's true that he has signed a lot of legislation that's supposed to he
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